Some things just go together — peanut butter and jelly, Abbott and Costello, and EMV technology and no foreign transaction fees. We’ve found four great credit card offers for you that combine the security of EMV technology with the lack of overseas fees so that the added security doesn’t cost you when you spend abroad.
Chase Sapphire Preferred® Card: Best for travel hackersChase Sapphire Preferred® Card is a great travel card option. Besides having EMV technology and no foreign transaction fees, the card also gives you additional rewards for travel spending and redemption. It offers 2 points on every dollar spent on dining and travel, and 1 point on everything else. The card has a killer signup bonus: Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®. Plus, get an additional 5,000 bonus points if you add an authorized user and make a purchase in the first three months.
Points are best redeemed for travel, either through Chase Ultimate Rewards at a rate of 1.25 cents per point, or transferred to a travel partner’s program at a rate of 1.25 – 5 cents per point.
The Chase Sapphire Preferred® Card has an $0 for the first year, then $95.
Barclaycard Arrival Plus® World Elite Mastercard®: Best for straightforward rewards earning and redemptionBarclaycard Arrival Plus® World Elite Mastercard® is one of the most straightforward travel cards on the market — it has a flat earnings structure, easy redemption and no foreign transaction fees. The card offers 2 miles on every dollar spent on anything and a generous signup bonus: Enjoy 40,000 bonus miles after you spend $3,000 on purchases in the first 90 days — that's enough to redeem for a $400 travel statement credit toward an eligible travel purchase. Miles are redeemable for any travel expense — just purchase your travel and use miles to reimburse yourself with a statement credit. Also, you’ll get 5% of your miles back when you redeem.
The Barclaycard Arrival Plus® World Elite Mastercard® has an annual fee of $0 for the first year, then $89. It comes with a no-fee counterpart, but it has a significantly lower signup bonus and offers only 1 mile per dollar spent on non-dining and non-travel related expenses.
Bank of America® Travel Rewards Credit Card: Best for Bank of America® banking customers
But the rewards don’t stop there for Bank of America® banking customers. If you have an active checking or savings account with Bank of America® , you’ll receive a 10% customer bonus on your points. If you have high average balances, you’ll enjoy even higher customer bonuses of 25%, 50% or 75% through the Preferred Rewards program.
The Bank of America® Travel Rewards credit card doesn’t have foreign transaction fees and it comes chip-enabled. It has an annual fee of $0 and an introductory APR of 0% on Purchases for 12 billing cycles, and then the ongoing APR of 15.99% - 23.99% Variable APR.
How to use your EMV credit card
If you’re worried that using a chip card will be too difficult, don’t be. The process is different, but not complicated. Here’s what you’ll do: Put your card into the terminal chip-first, leave it in while following the terminal’s prompts and remove it when the receipt begins to print. Easy peasy!
Updated Aug. 2, 2017.